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Updated almost 9 years ago on . Most recent reply presented by

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Jacob Smith
  • Investor
  • Omro, WI
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What Do I charge for consulting on Investors Wanting to purchase

Jacob Smith
  • Investor
  • Omro, WI
Posted

Hey,

I am a Broker/Property Manager, I have flipped a handful of houses, Done gut/remodels, and also purchased and manage 19 of my own units.

I have an investor from out of state who wants to invest in this area into multi (likely 8+) unit buildings.  

He is looking to have me be his go to/on site guy.  I would be going with the agent to look at the properties and inspect them, Contacting people to find out expenses/ etc, and doing all the numbers crunching, and reporting that stuff back to the investor.  

Wondering what I should be charging for such a service.

I was told maybe an hourly rate for time invested, weather it be in office, or in the field?  

I should also add that, I will then if He purchases these properties be the Property Manager for them.  

But I have that cost breakdown pretty much figured out already.  

Any input would be greatly appreciated!

Thanks Guys! 

Keep Investing towards Freedom

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

@Jacob Smith thanks for the offer I will in fact be at Pewaukee lake Thursday thru Sunday and going to the state fair.. it been 30 years since I have driven up your way.

I bought a Cirrus in Duluth in 04  and spent a week flying around N Wi in transition trainging and landing at a bunch of the airports there went into Oshkosh flew over packer stadium etc.

fond memories.

one idea you may have to scale is take these clients and bring them on as equity partners.. you do source manage do rehab work etc in exchange for equity and they go on the loan with you.

I built a pretty big portfolio with this model.. got up to 350 doors then sold out in 2013. but if you have good cash flow there and your totally under the radar.. I bet this model would work there. 

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JLH Capital Partners

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